Beijing Abt Networks Co.Ltd(688168) : it is estimated that the net profit in 2021 will increase by 52.9% to 68.64% year-on-year

Recently, Beijing Abt Networks Co.Ltd(688168) released the performance forecast for 2021. The company expects to achieve an operating revenue of 380 million yuan to 390 million yuan in 2021, with a year-on-year increase of 44.58% to 48.38%; The net profit attributable to the owners of the parent company was 68 million yuan to 75 million yuan, with a year-on-year increase of 52.9% to 68.64%.

The announcement shows that during the reporting period, the company maintained steady development and strengthened the technical improvement of network security products in different scenarios, such as system adaptability in emerging network environments such as Xinchuang alternative, smart city operation center, cloud computing data center, Internet of things, industrial Internet and video monitoring network; The company has further updated solutions such as network attack surface management, network security strategy management, network traffic security analysis and traceability, intelligent security and Threat Intelligence. The products have entered the subdivided business markets such as security operation, attack and defense drill, large-scale event network security, automatic operation and maintenance, and have been successfully deployed in many industry benchmark customers; The further deepening and innovation of the company’s products and solutions have led to a rapid growth in revenue scale.

The announcement shows that in order to attract talents, the company has implemented the 2020 equity incentive plan. As the share based payment expenses are recognized by stages according to the ownership proportion during the implementation of the incentive plan, there are differences in the impact on the accounting cost of each period. During the reporting period, the company’s share based payment expenses amounted to about 8.67 million yuan. Excluding the impact of share based payment, the net profit attributable to the owners of the parent company shows a more significant growth trend. It is estimated that the impact of non recurring profits and losses on the net profit attributable to shareholders of Listed Companies in 2021 is about 9.28 million yuan, mainly financial investment income and government subsidies.

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